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INDIVIDUAL -
BUSINESS -
INFORMATION
21
Aug '23
Introduction. What is twisting in insurance? In short, twisting is the act of inducing or attempting to induce a policy owner to drop an existing life insurance policy. This act is intended to entice the insured to take out another policy that is substantially the same by using misrepresentations or incomplete comparisons of the advantages and disadvantages of the two policies. Insurance policies such as life insurance policies are dynamic and constantly changing to include benefits and more options to make them versatile for policyholders. [...]
17
Aug '23
A complete guide to insurance in Larnaca Our complete guide to insurance in Larnaca will briefly highlight the various types of personal and business insurance contracts you can buy in the city. We will also present what you can expect to pay for each contract, including the ranges, averages and minimums of most, and suggest easy ways to decrease the cost of your insurance. You might save hundreds or even thousands by following our advice. [...]
13
Aug '23
How long do accidents stay on car insurance? Car insurance premiums may increase as you age and become harder to obtain. However, you should always disclose your relevant information according to the law. Disclosing previous accidents is also necessary, even if this will increase the price of your car insurance. Whether the incident at hand was your fault or not, disclosing the accident may help you further down the road. [...]
6
Aug '23
Construction all risk insurance As suggested by its name, construction all risk insurance is an insurance policy that covers "all risks." These risks are normally associated with the hazards and incidents that might arise during the course of a construction project. Commonly issued under the joint names of a contractor and the client, or a business and its customer, all risk insurances usually include various coverages in one policy. [...]
2
Aug '23
Introduction to electrical contractors insurance Electrical contractors play a key role in our infrastructure, ensuring that homes and businesses have the necessary energy that they need to function. Some people who are drawn to the electrician profession opt to work with an existing business, while others decide to set off on their own as electrical contractors. Whichever role you consider taking or have, understanding the operating costs of running an electrical contracting business is essential. [...]
28
Jul '23
Is life insurance worth it? If you currently have life insurance or are weighing up your options, you may wonder if life insurance is worth it. Life insurance can be a worthwhile investment in all circumstances. But there are some exceptions to this rule. A life insurance policy can payout more than many can afford to save in their lifetime. However, life insurance has its disadvantages and may not be the best option for everyone. [...]
26
Jul '23
Overview The face amount in life insurance is the sum equated to the life insurance policy's worth, also known as the death benefit or the face value of life insurance. In short, the face amount is the sum of money owed to your chosen beneficiary when the policy expires. In this article, we will cover face amounts in life insurance. What is face amount in life insurance? Your face value, or face amount, is the sum of money your beneficiaries will be owed at the time of your death. [...]
25
Jul '23
A complete guide to Cyprus insurance In this analytical guide to Cyprus insurance, we will cover the main types of individual and business insurance contracts provided in Cyprus. We will also present the range, average and minimum cost of most insurance contracts. We will then suggest easy and smart ways to decrease the costs of Cyprus insurance plans. Following our advice, you might save hundreds or even thousands on insurance policies. [...]
17
Jul '23
Insurance for immigration in Cyprus It is obligatory to acquire immigration insurance if you plan on moving to Cyprus. By the end of this analytical guide to immigration insurance in Cyprus, you will know what residency and work regimes are needed to immigrate to the country and which immigration insurance to choose. We will also discuss how immigration insurance in Cyprus works, the main types of coverage available, and help you find the most affordable contract. [...]
15
Jul '23
Motor Insurance Cyprus It’s not easy for inexperienced drivers and foreign nationals to buy the correct type of motor insurance policy in Cyprus. To make matters a little more complicated, there are many motor insurance contracts to choose from, all with varying terms. In addition, the claims handling process in Cyprus isn’t as straightforward compared to other countries. Cypriot insurance companies have unique claim management procedures, and their willingness to pay claims varies significantly. [...]
14
Jul '23
Social insurance Cyprus In this guide we will cover everything that businessmen, self-employed people and employees must know about the social insurance system of Cyprus. We will cover the types of contributions, how social insurances affect income tax, and details about the system in general. Specifically, we will cover the following topics: Table of contents Social insurance contributions Cyprus Gesy contributions 2023 Cyprus self employed social insurance Social insurance number Cyprus How do social insurances affect your income tax? [...]
13
Jul '23
Does Liability Insurance Cover Theft Overview Does liability insurance cover theft? Unfortunately, many of us have had to ask ourselves that question from experience. It’s bad enough to be at the location where you last parked your car only to find out it’s been stolen. Then, not surprisingly, it’s even worse when you realize you don’t have the type of insurance to cover the loss. We cover more than liability insurance and car incidents such as theft at Pitsas Insurances. [...]
13
Jul '23
Medical insurance for immigrants in Cyprus Anyone planning to move to Cyprus must acquire medical insurance for immigrants. In this analytical guide to medical insurance for immigrants in Cyprus, we will examine the various residency and work schemes in the country and explain why you need to obtain immigration insurance. In addition, we will explain how these immigration insurances work, the main types of coverage you can buy, and the most affordable contracts. [...]
9
Jul '23
A complete guide to insurance in Cyprus In this comprehensive insurance guide, we will cover the whole range of individual and business contracts provided in Cyprus. We will also present the price range of insurance products, including the average and minimum cost of most insurance contracts. We will also give you tips on how to decrease the cost of your insurance contracts without compromising the quality of your coverage. [...]
8
Jul '23
Insurance for immigration in Cyprus Any foreigner planning to move to Cyprus must acquire health insurance for foreigners. In this guide to foreigners health insurance in Cyprus, we will analyse the various residency scheme options in the country and explain which immigration insurance is required for each. We will also examine how immigration insurance in Cyprus works, the main types of coverage you can buy, and advise you on how to acquire an affordable contract. [...]
7
Jul '23
Business Insurance in Cyprus Also known as commercial insurance, business insurance is necessary for your company as it can protect your business from unexpected circumstances and financial losses. In this comprehensive guide to business insurance in Cyprus, we will help you understand the various types of business insurance available on the market, and we will explain their coverages in detail. We will also share clever tips on reducing the cost of your business insurance by comparing the most affordable business insurance contracts in Cyprus. [...]
6
Jul '23
Cyprus property insurance This comprehensive guide to property insurance in Cyprus will examine the features of various types of policies available on the market and when you might need them. We will also compare the best property insurance in Cyprus and share tips on making your insurance premiums more affordable. Table of contents What is property insurance? Types of property insurance in Cyprus Property insurance cost Affordable property insurance Property insurance quote Compare property insurance Best property insurance in Cyprus What is property insurance? [...]
5
Jul '23
Marine insurance in Cyprus Cyprus is a well-established global maritime centre with infrastructure and services able to successfully meet the growing demands of a globalised shipping industry. To meet the growing demand, insurance companies in Cyprus provide a wide range of marine insurance products to their international customers. In this marine insurance guide, we will explain the main types of marine insurance and help you to find the policy that best corresponds to your company’s needs. [...]
4
Jul '23
Term Life Insurance Cyprus Buying life insurance can be a lifeline in protecting your partner and children from the potentially life-altering financial losses that could arise if something unexpected happened to you. Life insurance provides a family with financial security and helps to pay for debts; living expenses; medical fees, and final expenses. Term life is the simplest form of life insurance available in Cyprus. It is an inexpensive option to acquire life insurance benefits and still achieve your financial aims. [...]
3
Jul '23
Whole life insurance in Cyprus Buying life insurance can be a lifeline for you and your loved ones. It protects your dependents (spouse and children) from significant financial losses that could result if something unexpected happened to you. It provides financial security and helps to pay off mortgages, living expenses, such as tuition for your children, and any medical or final expenses. Whole life insurance is more than simple life insurance since it also helps you save money for your pension or a rainy day. [...]
2
Jul '23
Travel Insurance Cyprus Travel insurance is an insurance product designed to protect you against risks and financial losses that can occur while travelling. The risks range from minor inconveniences, such as missed airline connections and delayed luggage, to more severe issues, including injuries or major illness. There is a large spectrum of travel insurance contracts in Cyprus. Each contract has significant differences, and for this reason, the cost varies significantly. [...]
1
Jul '23
What is a provident fund in Cyprus? A provident fund in Cyprus is essentially an independent group pension plan that some employers provide for their employees. Provident fund members put their earnings into a personal pension pot for their retirement in much the same way as they would with a standard group pension. However, there are some critical differences between each plan. In Cyprus, the ageing population and the Cypriot economy’s slow development rates for over a decade have put the social security system into a challenging situation. [...]
30
Jun '23
Group Health Insurance in Cyprus Group health insurance is a type of medical insurance plan offered by an employer to its employees and family members. It is an attractive health insurance option with many advantages compared to a standard individual policy. Like most standard health insurance, a group health insurance policy covers medical expenses for cases of disease or accidental bodily injury. This article will guide you through all of the available group health insurance options in Cyprus. [...]
29
Jun '23
Public Liability Insurance Cyprus Also known as business public liability, public liability insurance is a type of business insurance that covers claims made against you by the general public. Public liability insurance protects your company from the financial and legal implications of accidents arising from your business activities. In this guide to business public liability insurance in Cyprus, we will examine the differences between public liability policies and various insurance contracts. [...]
28
Jun '23
Keyman insurance Also called key man or key person insurance, keyman insurance is essential for businesses that want to insure their core employees. This guide to keyman life insurance will help you determine if this life insurance product is right for your business and help you choose the best keyman insurance policy. Table of contents What is keyman insurance? Types of keyman insurance Keyman insurance tax deductible Keyman insurance cost Affordable keyman insurance Best keyman insurance policy Keyman insurance online Keyman insurance quotes Keyman insurance FAQ What is keyman insurance? [...]
27
Jun '23
Employers Liability Insurance Cyprus Business owners in Cyprus need employers liability insurance to protect them from lawsuits arising from employee work-related injury or illness claims. Without employers liability insurance, your business would be responsible for legal costs, such as lawsuits, attorney fees, and settlements. It’s important to note that employers liability insurance isn’t the same as group health insurance. While group health insurance helps to pay for employees’ medical expenses, employers liability insurance helps to pay for legal costs. [...]
26
Jun '23
Boat insurance in Cyprus A boat insurance policy can protect you against liability and damages in the event of a boating accident, including injuries to a third party or damage to someone else’s property. Boat insurance can cover many types of watercraft, such as sailboats, motorboats, jet boats, and inflatable boats, regardless of their use (private or commercial). In this guide to boat insurance in Cyprus, we will discuss what it is, what it covers, when you might need it, and various coverage options. [...]
25
Jun '23
Cyber insurance in Cyprus Cyber insurance is an indispensable product for companies that handle sensitive personal data (i.e. credit cards, social security numbers, tax records) and for companies that provide technology services to third parties. Companies based in Cyprus are often contractually obligated to acquire cyber insurance from a reputable insurer when signing a business deal with a large international company. Cyber insurance can be expensive, so we wrote this analytical guide to help you understand the coverages and learn ways to save money on your contract. [...]
24
Jun '23
Life Insurance Cyprus Life insurance protects your spouse and children from the likelihood of serious financial losses that could result if something unforeseen happened to you. It provides financial security and helps to pay for debts, living costs, and medical or final expenses. Various types of life insurance policies are provided in Cyprus, but the most popular are term and whole life insurance. In Cyprus, the life insurance premiums of policies are significantly lower than in other European countries. [...]
23
Jun '23
Income protection insurance in Cyprus Income protection insurance is an indispensable insurance product for self-employed people and businessmen. An income protection insurance contract can provide a stable source of income for the insured person if they are temporarily unable to work or become permanently incapacitated to do so. In this guide to income protection insurance in Cyprus, we will help you understand the various types of income protection insurance available to you and explain their coverages in detail. [...]
22
Jun '23
General Public Liability Insurance in Cyprus When signing deals with large international companies, Cyprus-based companies are under a contractual obligation to purchase insurance from a reputable provider. International companies will usually require the acquisition of both general public liability and professional indemnity insurance. Additionally, companies in the technology sector may be required to carry multimedia and cyber insurance. In this guide to general public liability insurance in Cyprus, we will explain what this type of insurance covers and how it works. [...]
21
Jun '23
Directors and officers insurance Cyprus Sometimes known as D&O insurance, directors and officers insurance protects managers and executives of a company for committed or alleged wrongful acts in managing a company. This insurance product, which commonly protects the company as well as individuals, covers legal fees, settlements, and other costs associated with D&O claims. Directors and officers insurance is an indispensable insurance product in Cyprus, and we aim to help you find the best and most affordable contract in Cyprus throughout this guide. [...]
20
Jun '23
Professional Indemnity Insurance in Cyprus Professional indemnity, otherwise known as errors and omissions (E&O) insurance, protects businesses against professional mistakes regarding their company’s services. Professional Indemnity Insurance Cyprus Even experts make mistakes. In some cases, you might be falsely accused of making mistakes. In any case, financial protection for legal defence costs can be a lifeline for your business. Suppose a client sues your company for professional mistakes that allegedly harmed them. [...]
19
Jun '23
Personal accident insurance in Cyprus Personal accident insurance is an essential product for businessmen and self-employed people. This type of insurance can provide a steady source of income for the insured if they become temporarily or permanently unable to work. In this guide about personal accident insurance, we will explain the types available to you in Cyprus and what they cover in detail to help you find the correct insurance. [...]
18
Jun '23
Insurance for immigration in Cyprus If you plan to move to Cyprus, you must acquire immigration insurance. In this analytical guide to immigration insurance in Cyprus, we will analyse the country’s various residency and work regimes and explain which requires immigration insurance. We will then explain how immigration insurance works, the main types of coverage, and advise you on the most affordable contracts. Table of contents What is immigration medical insurance in Cyprus? [...]
17
May '23
MEU1 in Cyprus European nationals must apply for a “Registration Certificate” to live and work legally in Cyprus. This official certificate is called “Yellow Slip.” Any EU or EEA member state national is considered an EU citizen and eligible to apply for the certificate. As the name implies, it’s printed on yellow paper and available to all EU citizens who want to extend their stay in Cyprus for specific reasons (working, searching for property, etc. [...]
16
May '23
Cyprus Immigration Requirements In this guide to Cyprus immigration requirements, we will cover the primary schemes and permits that can be acquired to immigrate to Cyprus. There are three primary schemes for citizens to reside in Cyprus legally. Pink Slip: This scheme is for non-EU citizens who want to live, work or study in Cyprus. Yellow Slip: This scheme is for EU citizens who want to reside and work in Cyprus. [...]
15
May '23
Car insurance Cyprus Acquiring the correct car insurance contract in Cyprus can be difficult, especially if you are an inexperienced driver or not a Cypriot national. In addition, there is a large spectrum of car insurance contracts to choose from, with significant differences in terms. Cypriot insurance companies also have unique claim management procedures that differ from their competition. Therefore, the ability and willingness of these companies to pay claims vary significantly. [...]
14
May '23
Expat Insurance in Cyprus In this analytical guide to expat insurance in Cyprus, we will examine the main types of insurance available in the country and what each covers. Additionally, we will present the average and minimum cost of most insurance contracts in Cyprus and what you can expect to pay for expat insurance. We will also suggest easy and clever ways to decrease the cost of your insurance. [...]
12
May '23
A complete guide to insurance in Nicosia This complete guide to insurance in Nicosia will cover the various types of insurance you will find in the country’s capital. The types of insurance products that are sold in Cyprus are divided into two broad categories known as individual and business insurance. We will present the range, average and minimum cost of these insurances and suggest clever methods for decreasing the cost of your insurance. [...]
11
May '23
Variable life insurance Variable life coverage is a type of permanent life insurance. It includes a cash value, investment variety, fixed premiums, and death benefits. Variable life insurance offers protection for the lifespan of an insured individual so long as premiums are paid. In this guide to variable life insurance, we will examine what it is, when you might need it, and compare it with variable universal life insurance. [...]
10
May '23
Indexed universal life insurance Indexed universal life insurance is quickly becoming one of the most desired insurance and investment options, but what is indexed universal life, and how does it work? Indexed universal life, or IUL, is a complicated insurance product with many benefits. However, like any insurance product, it has some drawbacks (depending on your circumstances.) Like most life insurance, your needs will determine whether the product is suited to you. [...]
9
May '23
Auto commercial insurance Whether you drive a company or personal vehicle for business purposes, you may require commercial auto insurance. Understanding how commercial auto insurance works is essential when considering it for any business activity. In this guide to commercial auto insurance, we will cover what it is, why you need it, and help you compare coverage to find the best commercial auto insurance. Table of contents What is commercial auto insurance? [...]
8
May '23
Health Insurance Cyprus Health insurance can financially protect you in an acute or emergency situation, but what is it, and how does health insurance work in Cyprus? In this guide to health insurance plans in Cyprus, we will cover everything you need to know. We will assess the types of health insurance – their benefits and help you compare insurance plans to find the best health insurance in Cyprus. [...]
7
May '23
Insurance Paphos - A complete guide In this detailed guide to insurance in Paphos, we will examine the common types of insurance contracts you can buy in the coastal city in the southwest of the island. Specifically, we will present the two categories of which these insurances are classified: individual and business insurance. We will also provide the costs of most insurance contracts, i.e., the ranges, averages and minimums and suggest clever ways to decrease the price of your premiums. [...]
6
May '23
Term life insurance no medical exam Buying life insurance doesn’t need to be complicated. Some policies allow you to simplify the process even further by offering life insurance that doesn’t involve a medical exam. Term life insurance no medical exam is among the easiest ways to get the life insurance protection you need. This type of insurance may appeal to you for reasons other than speed. Depending on your needs, life insurance with no medical exams may be precisely what you want. [...]
5
May '23
Short term medical insurance Short term medical insurance, also known as short term health insurance, can provide temporary medical coverage under certain circumstances. These temporary health insurance plans include different features compared to standard health plans. In this guide to short term medical insurance, we will examine what it is, when you might need it, its benefits, and if it’s the right choice for you. Table of contents [...]
4
May '23
Life insurance vs health insurance Life insurance and health insurance have distinct purposes and are designed to cover different things. The main objective of a life insurance policy is to provide a cash benefit to your chosen beneficiaries upon death. On the other hand, health insurance provides you with financial protection in case you become ill. While life insurance pays out to the insured individual’s beneficiaries, health insurance pays out for the insured individual’s healthcare expenses. [...]
3
May '23
Senior life insurance Life insurance is a wise choice at any age, but what you need from life insurance changes as you get older. A single 30-year-old and a married 60-year-old will have different life insurance needs. As a senior, you may consider buying insurance as financial protection for your loved ones and to meet your needs toward the end of your life. Here’s all you need to know about senior life insurance to determine if it’s right for your needs. [...]
2
May '23
Group life insurance All types of life insurance, including group life insurance, are designed to ensure your loved ones are financially protected after your death. Employers or organizations often offer group life insurance to their employees or members. It’s an attractive incentive and an affordable insurance option with many benefits. Whether you’re an employer or an employee looking into group life insurance, here’s everything you need to know. We will cover what it is, how it works, and its benefits. [...]
1
May '23
Van commercial insurance Commercial van insurance helps protect your business vans and vehicles, whether you use delivery vans or own a fleet of cargo vans. This type of insurance helps cover vans you use for business purposes and shields you from costs associated with vehicle damage and driver injuries. In this guide to van commercial insurance, we will cover the following: What is commercial van insurance? What does commercial van insurance cover? [...]
14
Apr '23
Insurance in Limassol - A complete guide This complete guide to insurance in Limassol will analytically cover the main types of individual and business insurance contracts available in the city. We will examine the price range of most of these insurance contracts, including the average and minimum prices. We will also suggest various ways to reduce the price of these insurances. You will know how to cut costs on your insurance by the end of this guide and potentially save thousands on just one contract. [...]
13
Apr '23
Critical illness insurance in Cyprus Critical illness can occur anytime, and critical illness coverage can prove invaluable during a significant medical event. While it may be the last thing on your mind, critical illness insurance can bring you peace of mind and financial support when you most need it. This guide will examine everything you need to know about insurance for critical illness in Cyprus. Table of contents What is critical illness insurance? [...]
12
Apr '23
Water damage insurance claims Water damage is one of the most significant risks to your house. It’s essential to know what your home policy covers in case your home suffers water damage. Most standard home insurance policies cover water damage if the cause is sudden, internal, and accidental. Whether the water damage is covered depends on the source and circumstance. Water damage caused by outside flooding is typically not covered. [...]
11
Apr '23
How do insurance companies pay out claims? When you purchase a home or auto policy, you do so to have peace of mind that your house and vehicle are protected. You might not need to reach for your insurance policy until there’s an emergency. You should file a claim if you suffer a covered loss, but how do you do that? The process will vary depending on the provider. However, there is a general process for submitting insurance claims. [...]
10
Apr '23
Car insurance claims You may need to file a claim under your auto insurance policy to get your vehicle repaired if you are involved in an accident. This guide to car insurance claims will examine non-fault claims and what to consider before your vehicle is repaired. What is a non-fault claim? Car insurance claims not my fault Paying excess not my fault How long do car insurance claims take How to prevent delays when you file a claim Car accident insurance claims Car insurance claims FAQs To learn more about the types of claims in insurance, see our guide, Claims In Insurance. [...]
9
Apr '23
Fund administrator’s professional indemnity insurance Even if you’re an experienced fund administrator, mistakes can happen. Regardless of your experience level, there is always the possibility of an error and omission. Professional indemnity insurance for fund administrators can protect companies from any liability incurred if you allegedly provided poor advice, services, or designs to a client. After 2017 the number of fund administrators in Cyprus skyrocketed. Requests for comprehensive professional indemnity insurance have also increased significantly. [...]
8
Apr '23
Life insurance claims When purchasing life insurance, the involved parties need to understand the process of receiving death benefits. Life insurance benefits can be invaluable during a difficult time, but how do life insurance claims work? We will examine the life insurance claims process in this guide. Table of contents What is a life insurance payout? How do life insurance payouts work? When should you contact the insurer? [...]
7
Apr '23
Claims in insurance Insurance claims include many types ranging from medical bills, property damage, car accident injuries, and life insurance death benefits. Insurance claims meaning A claim is a policyholder’s request to an insurance company for payment, asking for coverage or compensation for a covered loss. These claims are typically for medical bills or to repair damaged property. For example, if a fire has damaged a homeowner’s house, they will file a claim that involves asking their insurance providers to pay for any repairs. [...]
5
Apr '23
Larnaca Insurance - A Complete Guide In our complete guide to Larnaca insurance, we will briefly cover the main types of personal and business insurance contracts you can expect to find in Larnaca. We will also present what you can expect to pay, including the ranges, averages and minimums of most insurance contracts, and suggest simple ways to lower your insurance costs. Following our advice, you might save hundreds or even thousands on your insurance policies. [...]
4
Apr '23
Medical Insurance Cyprus Medical insurance provides you with a financial safety net in acute situations and critical emergencies, but how can it benefit you, and what does medical insurance cover in Cyprus? In this guide to medical insurance plans, we will examine what you need to know to make the best insurance purchase. We will assess the types of medical insurance available and their benefits to help you find the best medical insurance in Cyprus. [...]
3
Apr '23
Home insurance claims If an unfortunate incident occurs at home, you might need to file a home insurance claim with your insurance provider. For example, an unexpected weather event causes structural damage to your house, a burglar steals your possessions, or an unfortunate accident injures a visitor. A home insurance claim against your homeowner policy comes with rules and procedures that you and your insurance provider must follow. [...]
2
Apr '23
A complete guide to insurance in Famagusta In our complete guide to insurance in Famagusta, we will inform you of the various types of insurance available to purchase and what each covers. We will discuss the coverage details, how much each insurance costs, and present the price ranges of most contracts. In addition, we will suggest easy ways to lower the overall cost of your insurance in Famagusta, helping you save up to thousands on one insurance policy or allowing you to buy additional inexpensive insurance contracts. [...]
1
Apr '23
Fire insurance claims Regarding fire claims under your home policy, filing an appeal and successfully receiving the settlement you deserve is possible. However, your insurance company has the right to deny your claim for specific reasons. Research suggests that home insurance claims have the lowest success rate out of all insurance claims. In contrast, car insurance claims have the highest success rate and are nearly always successful. Understanding why insurance companies reject fire claims can increase your chances of a successful claim, even if it doesn’t guarantee that your insurer will pay out. [...]
28
Mar '23
Hit and run insurance claims Before examining how hit-and-run claims work, let’s examine what makes an accident a hit-and-run. According to traffic law, a hit-and-run is an act of a driver knowingly causing an accident and fleeing the scene. Like any accident, it’s important to document the accident for your insurance company and the police. However, the claims process will be more challenging if one driver flees the scene. [...]
27
Mar '23
What is covered by homeowners insurance? Knowing what your homeowner's insurance covers often requires reading the small print of your policy. Even though all home insurance coverage is different, almost all policies share similarities and have coverages in common. Homeowners insurance typically protects you financially from damages related to your home and its contents. Whether your house is burgled or a fire causes irreparable damages, a homeowners' insurance policy can pay for repairs, replacements, or rebuilding of the structure altogether. [...]
26
Mar '23
Life insurance when buying a house Life insurance might have been one of the last things on your mind, but if you are in the process of buying a house, it’s the perfect time to find out whether you need it or not. This guide examines everything you need to know about life insurance when buying a house. Table of contents What type of life insurance do I need? [...]
25
Mar '23
How many life insurance policies can you have? If you already have life insurance but think you need more coverage, you may wonder whether getting more than one life insurance policy is possible. You are allowed to carry more than one policy, but that doesn’t mean you need to have many. It’s sometimes best to have a single policy that meets all of your needs. On the surface, having more than one policy sounds like a great idea, but there are times when it’s not necessary to have multiple policies. [...]
24
Mar '23
House cleaning insurance Mistakes and accidents can be an unpleasant surprise in a haze of dusting, sweeping, and cleaning products. But these mishaps don’t have to derail your work schedule and business. Whether you work independently or as part of a team, cleaning insurance protects you against unexpected costs. This guide to insurance for house cleaners will examine all you need to know about house cleaning insurance. Table of contents [...]
23
Mar '23
Using health insurance for car accident bills Many car accident victims want to know whether their health insurance covers car accident injuries. In short, your health insurance can cover car accident claims, but how and when your policy takes effect is dependent on several factors. Most health insurance plans cover bills for injuries sustained in car accidents, but restrictions will apply based on individual policy limits and provisions. [...]
22
Mar '23
Workers' compensation insurance in 2023. What is workers' compensation insurance? Employers are legally obligated to ensure that their workplaces are safe for their employees. Nevertheless, accidents do happen. When accidents do occur, workers' compensation insurance provides coverage. Workers' compensation pays vital benefits to employees when they are injured or sick resulting from working for their employer. This guide to workers' compensation insurance will cover what it is and why small businesses and contractors need it. [...]
21
Mar '23
Student house insurance In short, student house insurance (also called student contents insurance) protects your belongings while you are living on university premises. If you’re a first-year student staying in university accommodation, you may already have contents insurance through your accommodation provider. However, you need to find out if this is the case. In this guide, we will help you ask the right questions and discuss everything you need to know about student house insurance. [...]
21
Mar '23
Hazard insurance An integral part of buying a house is determining what kinds of insurance coverage you need. In the selection you choose, you may need to purchase hazard insurance. Although it is necessary in many cases, hazard insurance isn’t a common choice, and many people don’t know why they might need it. If you’re confused about hazard insurance and what it can do for you, our guide will tell you everything you need to know. [...]
20
Mar '23
House renovation insurance Your homeowners' insurance premiums depend on factors like your home's size, condition, and location. Furthermore, the cost to rebuild your house also determines the amount of your home insurance, so what happens if those factors change? Suppose you add an extension or update the fittings in your bathroom. Will your homeowners' insurance cover renovations? If you plan to renovate your home, here's what you should know about house renovation insurance. [...]
20
Mar '23
How to negotiate a settlement with an insurance claims adjuster Whether you’ve been in an auto accident, had your car stolen, or it has been otherwise damaged, you will need to file a car insurance claim with your insurance company. As you take the necessary action to be compensated fairly, negotiating a better settlement on your car insurance claim can be stressful. The insurance adjuster’s role is to resolve the claim as quickly as possible and as cheaply as possible for the insurance company. [...]
19
Mar '23
Inland marine insurance Contrary to what is suggested by its name, inland marine insurance isn’t designed for boats. Its name derives from “ocean marine insurance,” when ocean shipping was predominant. The original name of this insurance was modified to “inland marine” as inland shipping methods developed over the years. These days, inland marine insurance is designed to protect your business property when it’s in transit or storage somewhere other than your primary business location. [...]
19
Mar '23
Permanent health insurance in 2023. What is permanent health insurance? Many of us would find it challenging to pay for our outgoings, such as mortgage and rent, if we lost our income due to an illness or accident. That's where permanent health insurance comes in. This insurance type is a long-term policy that ensures a steady income stream until you can return to work or until you retire. [...]
19
Mar '23
What is voluntary life insurance? Types of voluntary life insurance. Standard life insurance can help to protect loved ones, providing financial security in the event of a death and when a main source of income is lost. Voluntary life insurance is a form of life insurance purchased by employers that employees can opt into upon employment. However, most employees must keep the policy active by paying scheduled premiums. This guide will cover how voluntary life insurance can benefit both employers and employees. [...]
18
Mar '23
Business income insurance in 2023. What is business income insurance? Suppose a business suffered a fire and had to stop trading. In a situation like that, the business' revenue may decline or stop altogether. While property coverage will protect the business from physical damage, business income coverage could protect against financial losses when the company cannot operate. Table of contents What is business income insurance? Who can benefit from business income insurance? [...]
18
Mar '23
Guest house insurance in 2023. What is guest house insurance? Running a guest house or a bed and breakfast business can be very rewarding but comes with many risks. The best aspect of running a guest house may be providing a welcoming stay for your guests while being your own boss. With that comes the risks you must consider, from damage to your guest's belongings to faulty freezers or a kitchen fire. [...]
17
Mar '23
Athlete Insurance in 2023. What is athlete insurance? From professional leagues to amateur clubs, all athletes understand the risks associated with their chosen sport. To mitigate the risks they face, athlete insurance is a must. Athlete insurance, also known as sports insurance, is a broad term that generally covers a range of various policies available to protect sportspeople and health and fitness professionals. Successful athletes take accountability for the liabilities they are bound to, both for their health protection and financial security. [...]
17
Mar '23
Restaurant insurance The fast-paced nature of running a restaurant comes with daily risks. From the crowds of customers to busy kitchens - customers and staff members face many hazards. Owning a restaurant may come with many challenges, but it isn't without its rewards. To protect your business, it's vital to have the right insurance in place. In this guide to restaurant insurance, we will examine the different types available to you and provide the answers you need to make your decision. [...]
16
Mar '23
Drive away insurance Buying a new car and taking it home is an exciting event. With that buzz comes the practical task of sorting out your insurance. For such cases, it’s important to know what drive away insurance is and if you need it. If your new car is uninsured, you could be exposed to significant risk without car insurance or temporary drive away insurance. In this guide to drive away insurance, we will examine all there is to know about this type of coverage. [...]
16
Mar '23
Public house insurance As a public house owner, you have your fair share of work to take care of. Having the right insurance coverage for your business is essential. First and foremost, public house insurance protects the public - your customers, and it should also protect your employees, buildings, and assets. Managing a public house comes with many risks, and there are various coverage types you can choose to protect yourself. [...]
15
Mar '23
Bar insurance As a bar owner, you will have invested a vast amount of money and time into your establishment. Further, your bar's success relies on your local reputation and ability to care for your customers. Without the right bar insurance, you could lose your hard-earned money and reputation in a single accident. To avoid that scenario, you should ensure you are adequately protected. Bar insurance (also known as tavern insurance) is a type of commercial insurance designed to meet the unique needs of bars, taverns, and pubs. [...]
15
Mar '23
Cyprus Digital Nomad Visa The Cyprus Digital Nomad Visa (or Digital Nomad Visa Scheme) was approved in 2021 to establish the country as a hub for electronic service provision. The scheme aims to boost the economic development of Cyprus, attracting digital nomads worldwide to live and work in the country. The non-EU/EEA nationals can temporarily reside and work in Cyprus with this visa scheme, but they can only independently work for persons located outside of Cyprus. [...]
14
Mar '23
Vacant land insurance While homeowners insurance protects against losses at home and covers buildings on a property and personal belongings, it generally does not cover vacant land. That’s why insurance for vacant land is often recommended as a separate policy. Vacant land insurance financially protects landowners against misfortune accidents that could take place on their property. You are at financial risk if you’re a landowner without vacant land insurance. [...]
13
Mar '23
Skydiving insurance Whether you’re planning to make your big jump at home or abroad, it’s essential to have insurance for skydiving. Moreover, you need to know what type of insurance to get. Adequate skydiving insurance and the right coverage will protect you on your next daring adventure. Whether it’s your first time diving or you’re a skydiving pro, you can rest assured knowing you have the right insurance. Skydiving is on many people’s bucket lists, but not everyone knows what insurance they need for the activity. [...]
12
Mar '23
Pub insurance Pubs are a labor of love and require many hands to keep an operation going. Managing a pub comes with everyday hazards and plenty of risks, so pub owners need the right pub insurance coverage to protect themselves. Pubs work with the public, so they require liability insurance and more. Table of contents What does pub insurance cover? Liability insurance for pub Additional pub insurance coverage How do I choose the right pub insurance? [...]
11
Mar '23
Diving insurance Scuba diving is a relatively safe sport these days, especially when practiced within the limits of your training and experience. Still, diving can be hazardous, and accidents can happen. Having the right diving insurance is essential. Not only for your peace of mind, but it can ensure you're covered for the risks associated with your specific diving needs. Overall, scuba diving insurance covers unforeseen accidents that aren't covered under health or travel insurance policies. [...]
10
Mar '23
Public liability insurance for contractors As an independent contractor, having the right insurance and protection for your business is vital, even if you run a small operation. Independent businesses should ensure they have adequate coverage, as liability claims can bankrupt a small business. If you do not have public liability insurance, you run the risk of using your own funds to protect your business. This guide about public liability insurance for independent contractors will examine why you are required to carry this insurance. [...]
9
Mar '23
General liability insurance for independent contractors introduction You may run a smaller operation as an independent contractor, but having the right insurance and protection for your business is vital. Liability claims can bankrupt a small business that doesn’t have the right insurance. Without commercial general liability insurance, you will have to pay out of pocket to protect your business. This guide about general liability insurance for independent contractors will make sure you know your insurance options. [...]
9
Mar '23
Insurance and bonding for contractors Contractor bonds and business insurance protect businesses from financial losses after unexpected events while also helping to win clients. Moreover, prospective clients often prefer doing business with contractors who carry the appropriate insurance coverage. Depending on your industry and business clientele, you could be required to purchase business bonds before being hired. While insurance and bonds vary, both are key to managing your business and mitigating the risks of the industry as a whole. [...]
8
Mar '23
Holiday home insurance Holiday homes are more prone to theft and serious damage from fire, flood and leakages, in comparison to permanent homes, due to the fact that they are left unoccupied for long periods. In addition to the above, the influx of guests increases the likelihood of property damage. Additionally, you are obliged to register your holiday home in the CTO if you rent it to acquire public liability insurance of €100,000. [...]
7
Mar '23
Professional indemnity insurance contractors There is a general understanding of the need for construction contractors to carry public liability insurance. However, there often needs to be more clarity about why contractors must also carry professional indemnity insurance. This article will outline professional indemnity insurance for contractors and help to provide answers to your questions. We will clarify the differences between professional indemnity insurance and public liability insurance claims and cover why professional indemnity insurance is important for the construction industry. [...]
6
Mar '23
A complete guide to Paphos insurance In this analytical guide, we will present the insurance contracts you can expect to find in Paphos by covering the two main categories: individual and business insurance. We will examine the average and minimum cost of most insurance contracts in Paphos as well as their ranges and suggest ways you can reduce the cost of your coverage. By the end of this guide, you will know how to cut costs and potentially save thousands on one insurance contract. [...]
5
Mar '23
Home insurance in Cyprus Your home might be your most significant investment. Carrying home insurance and understanding what your policy covers could prove to be essential if you suffer from a covered risk. In this guide to home insurance in Cyprus, we will highlight what types of home insurance you can find in the country and what each covers. Additionally, we will cover what is excluded by most home insurance contracts, how to compare contracts and help you to find the best home insurance in Cyprus. [...]
3
Mar '23
Plumbing Insurance Whether you're an established plumbing company or just beginning your career, it's advisable for plumbers to have plumber insurance. Plumbing insurance ensures you are protected against various risks routinely faced by the industry. Both plumbers and plumbing contractors need adequate coverage. Adequate coverage is essential to mitigate the risks you face on the job. One accident or wrong move could result in expensive damages and, at worst, even bankruptcy. [...]
1
Mar '23
Nicosia Insurance - A Complete Guide In our complete guide to Nicosia insurance, we will introduce you to the various types of individual and business insurance products provided in the country's capital. We will also present the statistical range of insurance costs, including the averages and minimums for most insurance contracts. We will then highlight practical ways to reduce your insurance costs in Nicosia, helping you save hundreds or maybe thousands on one policy. [...]
28
Feb '23
Renters insurance in Cyprus Sometimes referred to as tenant insurance, renters insurance can cover theft and content damage in a rented property. Whether you rent a flat, house, or even student accommodation, acquiring renters insurance is advisable to protect your possessions in case of a covered accident. We aim to explain why you should consider renters insurance throughout this guide. Specifically, we will examine the following topics about renters insurance in Cyprus. [...]